Lease Renewals for Nottingham Business Owners: How to Secure the Best Deal
Why Planning Ahead for Lease Renewal Matters
Lease renewals can take longer than many tenants realise.
Starting discussions 12–18 months before expiry gives you enough time to:
- Explore alternative premises if needed
- Prepare negotiation strategies
- Engage professional advice
- Avoid falling into a ‘holding over’ situation, where your rights weaken
Early planning gives you power — and options.
Your Rights as a Tenant Under the Landlord and Tenant Act
If your lease is protected by the Landlord and Tenant Act 1954, you have a legal right to renew your lease unless your landlord can prove certain limited grounds to oppose.
Key rights include:
- The right to request a new lease on broadly similar terms
- Protection from eviction without proper legal process
- The ability to challenge unfair proposed rents
If your lease has been contracted out of the Act, you will have no automatic renewal rights making negotiation even more crucial.
What Can Be Negotiated at Renewal?
Contrary to popular belief, you’re not stuck with identical terms.
During renewal, tenants can (and should) negotiate on:
- Rent levels (based on market comparables)
- Lease length and break clauses
- Repairing obligations (potentially negotiating a lighter duty)
- Service charge caps
- Flexibility to assign or sublet
Good negotiation can save thousands over the life of a renewed lease.
How Professional Advice Can Save You Thousands
At Bramble & Wagg, our lease advisory experts support tenants by:
- Reviewing proposed lease terms critically
- Valuing the premises accurately for rent negotiations
- Identifying hidden liabilities in the draft lease
- Strengthening the tenant’s negotiating position
- Handling direct negotiations if preferred
Landlords usually expect tenants to accept terms without question.
Having a chartered surveyor involved levels the playing field and often improves the deal dramatically.
Secure Your Future with Bramble & Wagg’s Lease Advisory Service
A poor renewal could cost your business heavily for years.
A good renewal strengthens your position and provides peace of mind.
Contact Bramble & Wagg today for expert lease renewal support and make sure your next agreement is built for your success.
